Investment Plans 196 views June 24, 2021

Best Investment Plans for Long Term

Want an investment plan for the long run? Invest in plans such as a unit-linked insurance plan (ULIP). If you purchase a ULIP plan, you’ll get the benefit of long-term investment as well as life cover. This is the easiest and efficient way to invest your money at your own risk. So, we have gathered the list of best investment plans for the long term for you. Read this post below and know more about them.

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Which are the Best Investment Plans for the Long Term?

The best investment plans discussed below provides you high life cover, the option of multiple investments, etc. at a lower premium rate. Let’s check out such plans below without any further delay.

Bharti AXA Life Future Invest Plan

Under this ULIP, you’ll get six fund options and a policy term of 10 years. The following benefits shall be payable under Bharti AXA Life Future Invest Plan

Your nominee will receive the highest of the following in case of death during the policy term:-

  1. Sum assured – Net Partial Withdrawal 
  2. 105% of the paid premiums 
  3. Policy fund value at the time of death

Upon survival till the date of maturity, you will receive the policy fund value calculated as per the unit price in the investment funds as on the date of maturity. You can receive the maturity benefit as a lump sum, in installment during the settlement period, or a combination of both.

ICICI Pru Wealth Builder II

ICICI Pru Wealth Builder II Plan provides 7 fund options to the customer and the policy term is 10 years for Single Pay and 10, 15, 20, 25 years for Limited and Regular Pay. In case of an unfortunate event of death of the life assured, the nominee will receive the following death benefit as on the date of death.

  1. Sum Assured + Top-up Sum Assured + Policy Fund Value + Top-up Fund Value or 105% of the total paid premiums + top-up premiums, whichever is higher, provided the life assured’s age is less than 50 years

Otherwise, the insurer will pay the highest of the following:

  1. Sum Assured + Top-up Sum Assured
  2. Policy Fund Value + Top-up Fund Value
  3. 105% of the total paid premiums + top-up premiums

If you survive till the end of the policy term, you’ll receive the policy fund value plus top-up fund value, if any. You can receive your maternity benefit either in a lump sum or during the settlement period.

From the 6th policy year, you will start receiving loyalty additions, provided the policy is in force. This benefit will be payable to you by allocating extra units at the end of every policy year. The wealth boosters will be allocated as extra units at the end of every five policy years starting from the end of the 10th policy year. After the expiry of the lock-in period, you can make unlimited partial withdrawals. The total amount of partial withdrawals in a year should not exceed 20% of the Policy Fund Value.

The minimum premium amount is INR 48,000 (Single Pay) and INR 24,000 per annum (Limited and Regular Pay).

Tata AIA Life Insurance Super Achiever Plan

Tata AIA Life Insurance Super Achiever Plan offers you a policy term ranging from 102-20 years. Under this policy, you will receive the following benefits:

  1. On the date of policy maturity, a sum of the regular fund value and top-up fund value as on the date of maturity shall be paid to you
  2. Guaranteed maturity additions shall be credited to your respective funds at a rate of 5% per unit 
  3. In case you die during the policy term, your nominee/legal heir shall receive the Basic sum assured or 105% of the total paid premiums, whichever is higher.

The minimum premium amount is INR 24,000 per annum.

LIC Money Plus

LIC Money Plus is a unit-linked endowment plan where you’ll receive the following benefits:

  1. In case of death of the life assured, the nominee will get either Sum Assured or the Fund Value of the units, whichever is higher.
  2. Upon survival till the maturity date, you will get an amount equal to the Fund value of the units.

The minimum policy term is 5 years and the maximum policy term is 20 years. LIC Money Plus Sum Assured for Regular Pay will be the higher of 5X the annualized premium or half of the policy term times the annualized premium. The maximum sum assured for regular pay is 20X the annualized premium, provided the insured’s age at entry is less than 55 years. Otherwise, the maximum sum assured would be 10X the annualized premium. The minimum and sum assured for a single payment is 1.25X the premium amount.

LIC Money Plus minimum annual premium is INR 5,000 and the minimum single premium amount is INR 10,000.

Aditya Birla Sunlife Empower Plan

Aditya Birla Sunlife Empower Plan is a unit-linked pension plan whose policy term ranges from 5-30 years. Under this policy, you’ll get the following benefits:

  1. In case of death of the life assured during the policy term, the insurer pays higher of the Guaranteed Death Benefit or the Fund Value, to the nominee
  2. Upon survival till the maturity date, the insurer pays higher Guaranteed Vesting Benefit or the Fund Value. 
  3. Additional units shall be added to your policy from the sixth policy anniversary year. Guaranteed Additions range from 0.25-0.35%

The minimum premium amount is as follows:

  1. INR 18,000 per annum for yearly mode
  2. INR 24,000 per annum for half-yearly mode
  3. INR 30,000 per annum for quarterly mode
  4. INR 36,000 per annum for monthly mode

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